GMS 401 Lecture Notes - Lecture 3: Failure Rate, Backup Software, Ibm System R

• School: Ryerson University
• Department: Global Management Studies
• Course: GMS 401
• Professor: Payman Ahi

Document Summary

Objective to maintain the capability of the system: systems should be designed and maintained to reach expected performance and quality standards, good maintenance removes variability (e. g. variability corrupts processes and creates wastes) Maintenance all activities in keeping a system"s equipment in working order. Reliability the probability that a machine, part, product or system will function for a specified time under stated condition. Situation in which a machine, part, product or system does not perform its function. Potential far-reaching implications of a system failure: operation, reputation, profitability, dissatisfied customers, profits becoming losses, reduced value of investment in plant and equipment. Other potential disastrous consequences of system failure: safety hazard, possibly damaging the environment, causing injury or death to employees, causing injury or death to customer or surrounding residents. A product or system may be composed of some individual interrelated components. Components may be linked in a series format. Components may be linked in a parallel format.